What is an AVC?
Career: Avc
An AVC, or Additional Voluntary Contribution, is an extra payment that employees can make to their workplace pension scheme to increase their retirement savings. AVCs are a way to boost your pension pot on top of the standard contributions you and your employer make. These contributions are often flexible and can offer tax advantages, making them a popular choice for those looking to enhance their retirement income. The exact rules and options for AVCs can vary depending on your employer's pension scheme.
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